JPMorgan’s Dimon says world politics more concerning than possible U.S. recession By Reuters


© Reuters. FILE PHOTO: JP Morgan CEO Jamie Dimon delivers a speech during the inauguration of the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS/File Photo

RIYADH (Reuters) – JPMorgan Chase & Co (NYSE:)’s Chief Executive Jamie Dimon said on Tuesday that the geopolitics of the world today are more concerning than a possibility of a recession in the United States.

Speaking at a conference in Riyadh, Dimon said the conflict between Russia and Ukraine, geopolitics between the United States and China and more broadly the Western world’s relationships were more worrisome than a potential recession at home.

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